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News Release | NJPIRG Law & Policy Center | Tax

Report Exposes How Taxpayers Bear Cost of Corporate Settlements

A report released today spotlights a common practice where corporations that commit wrongdoing and agree to financial settlements with the federal government, go on to claim such settlement payments as tax-deductible business expenses.

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Report | NJPIRG Law & Policy Center | Budget, Tax

Subsidizing Bad Behavior

BP’s recent $4.5 billion legal settlement with the Justice Department for its misdeeds in the Gulf oil spill was historic for being the largest ever criminal settlement. But it was historic for another reason as well—none of it is allowed to be tax deductible. Unfortunately, too many settlements for wrongdoing end up as tax deductions.

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News Release | NJPIRG | Health Care

Gov. Christie's Veto Means More Delays for Health Reform

Gov. Christie vetoed legislation today that would have created a health insurance exchange in New Jersey.

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Report | NJPIRG Law & Policy Center | Budget, Tax

What America Could Do with $150 Billion Lost to Offshore Tax Havens

Many corporations and wealthy individuals use offshore tax havens—countries with minimal or no taxes—to avoid paying $150 billion in U.S. taxes each year. To put this sum in perspective, this factsheet provides examples of how it could be used.

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News Release | NJPIRG Law & Policy Center | Budget, Tax

“IT’S TIME TO LISTEN TO MAIN STREET, NOT WALL STREET”

TRENTON, December 6th – With Congress scrambling to agree on ways to reduce the deficit, NJPIRG and the NJ Main Street Alliance joined with New Jersey small business owners today, urging Congress and the President to listen to the needs of small businesses in ongoing debates over the fate of the Bush tax cuts and corporate tax loopholes. The groups were supported in their push for more equitable individual and corporate taxation by Congressman Frank Pallone, Jr. (NJ-06).

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Media Hit | Health Care

The Princeton Packet: Health Care Repeal Would Be Costly For New Jersey

In last week's State of the Union, President Barack Obama made it clear that he intends to continue with his health reform agenda. His opposition will no doubt continue to push for repeal. But are repeal proponents standing up for consumers, or are they standing up for the health insurance industry?

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News Release | NJPIRG Law and Policy Center | Health Care

Health Care Repeal Would Have Costly Consequences for New Jersey Consumers and Small Businesses

Consumers and small businesses in New Jersey will face significantly higher insurance premiums and could see costly coverage denials and price discrimination if efforts to repeal the federal health care law prevail in Congress or in the courts, according to The Cost of Repeal: Examining the Impact on New Jersey of Repealing the New Federal Health Care Law, a new report released today by NJPIRG. 

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News Release | NJPIRG Law and Policy Center | Transportation

'User-Fee' Myth Busted; NJ Is Only State in Nation Where Taxes Subsidize Driving

A new report released today by the New Jersey Public Interest Research Group (NJPIRG) disproves the common misperception that road-building is paid for by user fees, showing that gas taxes cover barely half the costs of building and maintaining roads, a fraction which is likely to fall steadily. 

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Media Hit | Democracy

newjerseynewsroom.com: U.S. Supreme Court decision on campaign finance blasted by Jerseyans

In a shocking burst of judicial activism, the Supreme Court decided that corporations should be treated in the same manner as ordinary citizens and be allowed to spend the massive amounts of money they accumulate on direct attack ads for or against members of Congress.

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